- The NBBL is the wholly-owned subsidiary of the National Payments Corporation of India (NPCI).
- The UPMS aims to boost, enrich and simplify bill payment procedures in India.
- Through UPMS, NBBL will be able to set up standing instructions for its customers. This will happen from any channel and for any mode on their recurring bill payments.
- The bills will be automatically fetched from the biller's end and will be delivered to the customer's end to perform the action. It will be in terms of auto-debit and bill payment management.
- The unique functionality of UPMS will be made available to the customers through centralized infrastructure support which is provided by Bharat Bill Pay Central Units (BBPCU).
- The service providers and fintech dealing in the digital payments ecosystem can avail UPMS facility in the sandbox environment of Bharat Bill Payments System (BBPS).
- Static Part:
- HQ of NBBL: Mumbai
Question:
Q.1 Which organization launched the ‘Unified Presentment Management System’ (UPMS)?
a. NPCI International Payments Limited (NIPL)
b. Airtel Payments Bank
c. NPCI Bharat BillPay Limited (NBBL)
d. Paytm
a. NPCI International Payments Limited (NIPL)
b. Airtel Payments Bank
c. NPCI Bharat BillPay Limited (NBBL)
d. Paytm